Overview

• New analysis highlights a Nvidia agreement that guarantees minimum revenue or data‑center utilization for CoreWeave (CRWV), reducing near‑term downside.
• Coverage reiterates a $30.1 billion backlog and says growth hinges on adding capacity rather than finding demand.
• Insider reports note Melius upgraded CRWV to Buy on September 23 with a $165 target, citing accelerating cloud demand.
• Reports caution that heavy capex, high cash burn and leverage leave the company unprofitable through 2026 despite stronger sentiment.
• Recent write‑ups point to strengthened customer pipelines, including an expanded OpenAI relationship, with analysts flagging potential knock‑on benefits for suppliers such as AMD and Dell.